Here's the chart. We bounced off of a very logical turning point. I actually got some puts at that resistance line (to expire AFTER the election May 7) With Macron (or Marcon) getting booed yesterday, the polls might start reversing back to near even. Last I checked he was way ahead.
From Armstrong, if it closes the week above 108.60, then it will imply a bounce to 112-114. Today's action has it moving down right to about that point. A bounce to that level seems unlikely to me, and I think that means a weekly close above 108.60 is unlikely.
So I'm going to wait to the near close on Friday and either buy more if it's below 108.60, or not if it's above, and just sit on what I have already.
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